Could Hi-Crush Partners LP Change Direction After Today’s Bullish Options Activity?

 Could Hi Crush Partners LP Change Direction After Today's Bullish Options Activity?

In today’s session Hi-Crush Partners LP (HCLP) registered an unusually high (250) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious HCLP increase. With 250 contracts traded and 5464 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: HCLP161216C00020000 closed last at: $0.3 or 0% . About 214,172 shares traded hands. Hi-Crush Partners LP (NYSE:HCLP) has risen 228.05% since April 5, 2016 and is uptrending. It has outperformed by 226.10% the S&P500.

Hi-Crush Partners LP (NYSE:HCLP) Ratings Coverage

Out of 11 analysts covering Hi-Crush Partners (NYSE:HCLP), 4 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 36% are positive. Hi-Crush Partners has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Tuesday, June 14, the company rating was maintained by Wunderlich. The rating was maintained by Cowen & Co on Wednesday, October 28 with “Outperform”. Wunderlich maintained Hi-Crush Partners LP (NYSE:HCLP) rating on Thursday, October 1. Wunderlich has “Hold” rating and $8 price target. As per Tuesday, October 27, the company rating was downgraded by UBS. The company was maintained on Monday, September 28 by UBS. The stock has “Neutral” rating given by Credit Suisse on Friday, September 4. The stock of Hi-Crush Partners LP (NYSE:HCLP) has “Buy” rating given on Tuesday, September 13 by Raymond James. The stock of Hi-Crush Partners LP (NYSE:HCLP) earned “Outperform” rating by Credit Suisse on Wednesday, June 1. Wunderlich maintained the shares of HCLP in a report on Wednesday, February 24 with “Hold” rating. RBC Capital Markets downgraded Hi-Crush Partners LP (NYSE:HCLP) rating on Friday, August 7. RBC Capital Markets has “Sector Perform” rating and $24 price target.

According to Zacks Investment Research, “Hi-Crush Partners LP engages in the production of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Company reserves consist of Northern White sand, a resource existing in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves and related excavation and processing facilities. Hi-Crush Partners LP is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.47, from 0.66 in 2016Q1. The ratio improved, as 15 funds sold all Hi-Crush Partners LP shares owned while 17 reduced positions. 20 funds bought stakes while 16 increased positions. They now own 16.87 million shares or 151.29% more from 6.71 million shares in 2016Q1.
Capital Impact Advisors has invested 0.34% of its portfolio in Hi-Crush Partners LP (NYSE:HCLP). Sg Americas Ltd Liability Corp reported 600,000 shares or 0.06% of all its holdings. Cwm Ltd accumulated 500 shares or 0% of the stock. Jefferies Gru Lc has 18,200 shares for 0% of their US portfolio. Mcf Advsr Ltd Liability Co holds 1,379 shares or 0% of its portfolio. Barnett reported 21,020 shares or 0.15% of all its holdings. Glg Prtnrs Lp accumulated 0.1% or 250,490 shares. State Bank Of America De reported 1.58M shares or 0% of all its holdings. Spirit Of America Mgmt Ny last reported 0.77% of its portfolio in the stock. Manufacturers Life Insurance The last reported 1,109 shares in the company. Thompson Davis Company, a Virginia-based fund reported 250 shares. Moreover, Ladenburg Thalmann Services has 0% invested in Hi-Crush Partners LP (NYSE:HCLP) for 4,780 shares. Yorkville Mngmt Limited Liability Corporation holds 2.57% or 184,680 shares in its portfolio. The Illinois-based Guggenheim Capital Ltd has invested 0.01% in Hi-Crush Partners LP (NYSE:HCLP). The California-based California Employees Retirement has invested 0% in Hi-Crush Partners LP (NYSE:HCLP).

Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The company has a market cap of $1.01 billion. The Firm is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It currently has negative earnings. It operates in Frac Sand Sales segment.

HCLP Company Profile

Hi-Crush Partners LP, incorporated on May 8, 2012, is a producer and supplier of monocrystalline sand. The Firm is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. The Company’s reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves, and related excavation and processing facilities. The Company’s 857-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility) contains approximately 82.1 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. It also holds approximately 98% interest in Augusta facility, which is located in Eau Claire County, Wisconsin and contains over 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. It operates through a logistics network of rail-served destination terminals located throughout Pennsylvania, Ohio, New York and Texas.

More notable recent Hi-Crush Partners LP (NYSE:HCLP) news were published by: Seekingalpha.com which released: “Hi-Crush Partners LP (HCLP) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016, also Fool.com with their article: “Hi-Crush Partners LP’s Stock Continued Its Long Decline in December With a 26 …” published on January 08, 2016, Streetinsider.com published: “UPDATE: UBS Upgrades Hi-Crush Partners LP (HCLP) to Neutral” on September 28, 2016. More interesting news about Hi-Crush Partners LP (NYSE:HCLP) were released by: Equitiesfocus.com and their article: “Hi-Crush Partners LP (NYSE:HCLP) Reports Basic Consolidated EPS At $0.7687” published on November 08, 2016 as well as Seekingalpha.com‘s news article titled: “Hi-Crush Partners LP (HCLP) Robert E. Rasmus on Q4 2015 Results – Earnings …” with publication date: February 23, 2016.

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